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Seeking Alpha 2022-07-05 12:10:17

Digihost Technology sees 129% Y/Y growth in quarterly bitcoin production

Digihost Technology (NASDAQ:DGHI) mined 72.18 BTC leading to total holdings of 293.30 BTC at June end which is worth ~$5.8M based on a BTC price of $19,785 as of June 30, 2022.It mined ~141.71 more BTC in Q2 2022 compared to prior year quarter; compared to Q1 2022 it mined additional 65.85 BTC.Ethereum holdings of 1,000.89 ETH worth ~$1.07M based on an ETH price of $1,067.29 as of June 30, 2022.Total digital asset inventory value, consisting of BTC and ETH, of ~$6.87M as of June 30, 2022.As of June 30, 2022, the company had ~$5M of cash and derivative instruments of ~$500K; cash and liquid assets stood at ~$12.4M.The company indicates that operations at its new Alabama site are expected to commence in Q4.

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